Court Place Advisors LLC maintained its stake in Occidental Petroleum Corp. (NYSE:OXY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,458 shares of the company’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Occidental Petroleum Corp. were worth $337,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in Occidental Petroleum Corp. by 11.1% in the first quarter. Wellington Management Group LLP now owns 13,704,842 shares of the company’s stock valued at $937,822,000 after buying an additional 1,367,898 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Occidental Petroleum Corp. by 16.1% in the first quarter. TIAA CREF Investment Management LLC now owns 6,575,365 shares of the company’s stock valued at $449,952,000 after buying an additional 913,749 shares in the last quarter. State Street Corp raised its stake in Occidental Petroleum Corp. by 2.5% in the first quarter. State Street Corp now owns 35,055,615 shares of the company’s stock valued at $2,398,854,000 after buying an additional 849,827 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Occidental Petroleum Corp. by 68.4% in the second quarter. Eagle Asset Management Inc. now owns 1,405,308 shares of the company’s stock valued at $106,185,000 after buying an additional 570,838 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in Occidental Petroleum Corp. by 3.1% in the first quarter. BlackRock Fund Advisors now owns 15,056,751 shares of the company’s stock valued at $1,030,333,000 after buying an additional 445,652 shares in the last quarter. Institutional investors own 80.80% of the company’s stock.

Shares of Occidental Petroleum Corp. (NYSE:OXY) traded up 1.84% during midday trading on Wednesday, hitting $71.80. 4,294,496 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $75.23 and its 200 day moving average price is $74.25. The firm’s market cap is $54.85 billion. Occidental Petroleum Corp. has a one year low of $58.24 and a one year high of $78.48.

Occidental Petroleum Corp. (NYSE:OXY) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). Occidental Petroleum Corp. had a negative net margin of 71.82% and a negative return on equity of 2.64%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the firm earned $0.21 EPS. The business’s revenue for the quarter was down 27.0% compared to the same quarter last year. Equities research analysts forecast that Occidental Petroleum Corp. will post ($0.69) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 9th will be given a $0.76 dividend. The ex-dividend date is Wednesday, September 7th. This is a positive change from Occidental Petroleum Corp.’s previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a dividend yield of 4.23%. Occidental Petroleum Corp.’s payout ratio is currently -29.57%.

Several equities analysts have issued reports on OXY shares. Credit Agricole SA reaffirmed a “buy” rating on shares of Occidental Petroleum Corp. in a report on Tuesday, August 16th. JPMorgan Chase & Co. downgraded shares of Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $76.11 to $78.00 in a report on Monday, September 12th. They noted that the move was a valuation call. Barclays PLC increased their price objective on shares of Occidental Petroleum Corp. from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, July 14th. Raymond James Financial Inc. downgraded shares of Occidental Petroleum Corp. from a “strong-buy” rating to an “outperform” rating and set a $85.00 price objective on the stock. in a report on Thursday, July 7th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Occidental Petroleum Corp. in a report on Thursday, September 8th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Occidental Petroleum Corp. has an average rating of “Hold” and an average price target of $75.59.

In related news, Director Stephen I. Chazen sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $73.76, for a total value of $663,840.00. Following the sale, the director now directly owns 1,738,119 shares in the company, valued at approximately $128,203,657.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen I. Chazen sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $77.39, for a total transaction of $386,950.00. Following the completion of the sale, the director now owns 1,770,119 shares in the company, valued at $136,989,509.41. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

About Occidental Petroleum Corp.

Occidental Petroleum Corporation is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

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